BCB Bancorp, Inc. (NASDAQ:BCBP) Short Interest Down 5.6% in September

BCB Bancorp, Inc. (NASDAQ:BCBP) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 94,800 shares, a decline of 5.6% from the August 31st total of 100,400 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 53,700 shares, the short-interest ratio is presently 1.8 days.

BCB Bancorp Trading Up 2.1 %

NASDAQ BCBP traded up $0.26 during mid-day trading on Monday, reaching $12.46. 10,241 shares of the stock were exchanged, compared to its average volume of 49,196. The stock has a market cap of $211.28 million, a P/E ratio of 7.82 and a beta of 0.58. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a 50 day simple moving average of $12.07 and a 200-day simple moving average of $10.85. BCB Bancorp has a one year low of $9.19 and a one year high of $13.90.

BCB Bancorp (NASDAQ:BCBP) last released its quarterly earnings results on Friday, July 19th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). BCB Bancorp had a net margin of 10.67% and a return on equity of 7.42%. The company had revenue of $20.41 million for the quarter, compared to analyst estimates of $24.65 million. On average, analysts anticipate that BCB Bancorp will post 1.32 EPS for the current year.

BCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 5.14%. BCB Bancorp’s dividend payout ratio (DPR) is presently 41.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of BCB Bancorp by 1,232.6% during the 2nd quarter. CWM LLC now owns 2,492 shares of the bank’s stock worth $26,000 after acquiring an additional 2,305 shares during the period. BNP Paribas Financial Markets lifted its position in shares of BCB Bancorp by 92.5% during the first quarter. BNP Paribas Financial Markets now owns 7,201 shares of the bank’s stock worth $75,000 after acquiring an additional 3,460 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of BCB Bancorp in the second quarter worth $119,000. Quadrature Capital Ltd bought a new stake in shares of BCB Bancorp during the 4th quarter valued at $178,000. Finally, AQR Capital Management LLC purchased a new stake in BCB Bancorp during the 2nd quarter worth about $334,000. 36.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BCBP. Keefe, Bruyette & Woods lifted their price target on shares of BCB Bancorp from $12.00 to $13.00 and gave the stock a “market perform” rating in a report on Tuesday, July 23rd. Piper Sandler increased their price target on BCB Bancorp from $11.50 to $14.00 and gave the company a “neutral” rating in a research note on Monday, July 29th.

About BCB Bancorp

BCB Bancorp, Inc operates as a bank holding company for BCB Community Bank that engages in the provision of banking products and services to businesses and individuals in the United States. The company offers insured deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts.